Insurance Post’s Post

Thanks to Marsh, Brit Insurance, McGill and Partners and DAC Beachcroft for their help with this piece exploring the risks that arise at the intersection of cyberspace and the physical world and what options for cover exist for businesses facing fires, floods and explosions caused by #cyber attacks. #cyberinsurance https://lnkd.in/eUQU8K6p

DNK have speakers at Marine Insurance Nordics today. Anders Hovelsrud will speak about the aftermath of the maritime losses in Ukraine, and the implications for underwriters and the reinsurance market. Irene Philipps will provide an overview of the latest market position on cyber risks and their exclusions, including a breakdown of why the market has had no choice but to introduce limitations on cover. #marineinsurance #cyber #www.warrisk.no

The art world is impacted by cyber risk just like any other industry. Read more about the threats and how to help protect against them, via Huntington T. Block Insurance Agency, Inc. https://bit.ly/3JdAJ1j #fineartinsurance #fineart #art

Thanks for including my comments, Abraham! The Fifth Circuit's decision in the Southwest Airlines case addresses the scope of cyber coverage after a system failure. These issues often come up in practice, but there is typically not much case authority. #cyberinsurance #businessinterruption #insurancelaw

Check out the latest report from Insurance Business America on the evolving landscape of cyber premiums. My colleague, David Anderson, CIPP/US predicts a further decline in rates, especially for large excess towers and higher layers. #cyber #riskmanagement

In Australia, 43% of cyber-attack victims are small businesses. That's why Crawford is thrilled to partner with IAG and its new cyber underwriting agency Cylo.ai (backed by CGU Insurance), on a new insurance product designed specifically for small to medium businesses. In today's modern world, cyber insurance has become a must-have purchase for businesses large and small. Then, if the worst happens, it’s of paramount importance to have comprehensive expert cyber incident response help on speed dial to ensure there’s no delay in containing and minimising the damage .... that's where Crawford steps in! We will be providing the 24/7 cyber incident response and end-to-end claims management services on these policies. Learn more about Cylo: https://www.cylo.ai/ Understand more about Crawford's cyber expertise: https://lnkd.in/gZbmvzua #cyberrisk #cyberinsurance #cyberclaims #cyberattack #CrawfordAustralia #iag

When speaking with Insurance Age, Adam Townley, founder of Townley Insurance Brokers, stated: “When I first started selling cyber, I was uncomfortable because I knew that I needed to get to grips with the product and exactly what it was covering, and new terms for coverage and that sort of thing. The only thing you can do is immerse yourself in the policy wording and get your head around it all.” (link below)    At Onda, we believe that cyber doesn’t have to be complicated. We absorbed the complexities and simplified cyber insurance to help brokers get their clients insured faster.     Read more: https://lnkd.in/emXRsgEB #CyberInsuranceSimplified #CyberBrokers #CyberInsurance #UKMGA

Is your business safeguarded against all potential threats? Our blog breaks down essential business insurance policies you need to protect your empire. From property insurance to cyber threats, ensure you're covered on all fronts. Visit our website to read the full guide and secure your business's future. Read more: https://lnkd.in/eHwfWGUS #FinancialAdvice #CommercialInsurance #InsuranceGuide #PropertyProtection

From homes to everything that's in them, we offer worldwide coverage with protection against cyber threats automatically included. Learn how our policies can help to keep your client's most prized possessions safe: https://lnkd.in/eai6ERzs #BritInsurance #PrivateClient #Insurance

Here are the top 10 cyber insurers in the United States. Chubb leads with 8.4% of the total premiums, followed by Fairfax Financial Holdings Limited (7.8%) and AXA SA (7.3%). The remaining are: 4-Tokio Marine Group Marine: $367M (5.1%) 5-Arch Capital Group Ltd.: $346M (4.8%) 6-Travelers: $315M (4.4%) 7-AIG: $299M (4.1%) 8-Nationwide: $257M (3.6%) 9-Zurich Insurance: $252M (3.5%) 10-Sompo: $247M (3.4%) Data Source: U.S. Department of the Treasury #CyberInsurance #InsuranceMarket #CyberSecurity #DataProtection #InsuranceIndustry